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Nevada cannabis taxes are out of hand. Here’s a change that could help. - The Nevada Independent

Summary by Nevada Independent
Considering the mountain of regulations and heavy compliance costs heaped upon the cannabis industry, it’s little wonder the illegal market continues to thrive in Nevada.  Even before considering the regulatory structures that limit where and how the industry operates, the tax burden alone makes it a challenge for legitimate operations to compete with the illicit market on price. With a 15 percent wholesale tax paid at the cultivation level, a 1…

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Nevada cannabis taxes are out of hand. Here’s a change that could help. - The Nevada Independent

Considering the mountain of regulations and heavy compliance costs heaped upon the cannabis industry, it’s little wonder the illegal market continues to thrive in Nevada.  Even before considering the regulatory structures that limit where and how the industry operates, the tax burden alone makes it a challenge for legitimate operations to compete with the illicit market on price. With a 15 percent wholesale tax paid at the cultivation level, a 1…

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Cannabis Law ReportCannabis Law Report

Nevada Tax Department Releases Guidance on Fair Market Value at Wholesale of Cannabis

Bloomberg The Nevada Department of Taxation released guidance on the new determination of the fair market value at wholesale of cannabis, effective April 1. The fair market values were determined based on cultivator transactions recorded from December 2024 to February 2025 in the state’s seed-to-sale tracking system, with adjustments made for outliers and non-arm’s length […]

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Cannabis Law Report broke the news in on Wednesday, April 2, 2025.
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Nevada, United States

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